for "nightly business report," i'm mary thompson. >>> coming up, why billions of dollars from the u.s. federal reserve stopped flowing to iraq. ♪ oh, those millennials. they're the fussy and entitled generation, right? wrong. at least according to the new cnbc/all-american survey. when it comes to those ages 18 to 34 and their place in the economy, it seems they're not so different after all. steve liesman has the results. >> reporter: conventional wisdom holds that the millenial generation influenced by the 9/11 attacks, burdened with student debt and reared in a world of high speed mobile devices is a unique group of young people. but a special cnbc/all america survey focusing on millennials finds them to be more similar to the rest of the population than they are different. like when it comes to investments. just a third think this is a good time to invest in stocks. that's about the same as the overall population. 46% of all adults say it's a bad time to invest. one difference, fewer millennials say it's a very bad time to invest. as a group, somewhat more risk averse than the res

mary thompson has more now on visa's $23 billion buy. >> reporter: buying visa europe means visa is now truly everywhere you want it to be. paying more than $23 billion for the european bank-owned visa europe gives san francisco-based visa inc. access to 38 new countries and 500 million new cardholders. europe becomes visa's second largest market behind the u.s. ceo charlie sharp telling analysts on a call the deal fills in a critical piece missing from visa's global footprint. >> this transaction does create a truly integrated global leader that will allow us to capitalize on strong growth opportunities in a highly attractive region prrpt like smaller rival mastercard visa's global profile will be unified, resulting in $200 million in cost savings along with added earnings soon after the deal closes. >> we expect it to be accretive to our stand-alone revenue and eps growth before transition costs, beginning in fiscal year 2017, the first full year of the combination. >> reporter: the world's largest electronic payments firm paying cash, preferred stock and an earn-out to investors base

for "nightly business report" i'm mary thompson in littleton, colorado. >>> coming up, don't chase aally. at least that's what our market monitor tells us. he says why and gives us three picks he says you should make right now. ♪ ♪ >>> well, fresh off its $6 billion purchase of video game maker king digital, activision blizzard is holding its annual investor day and launching the latest installment of its "call of duty" game franchise, which by the way is one of the biggest franchises of all time. julia boorstin is in anaheim, california with a look at the company's booming business. [ cheers ] >> reporter: 25,000 video gamers are here for blizzcon's ninth year, a sold-out event to celebrate activision blizzard's games with panels and presentations for fans. >> roller derby nova. the green skin from harris of the storm. >> i am an undead warlock, level 1 undead warlock. >> i'm actually a night elf. without the ears. >> it's also a destination for e-sports tournaments to determine the world champions for four different video games. competing for over a million dollars in prize money.

mary thompson has more on wall street's bonus time. >> reporter: global uncertainty about growth andnterest rates seen take a bite out of wall street bonuses this year. compensation consultant johnson & associates predicting a decline in the average bonus. so certain pockets of finance will get healthy increases. hardest hit, fixed income traders. their bonuses seen falling between 10% to 20%, hindered by volatility in global interest rates. bankers focused on underwriting, asset managers, and private bankers also forecast to get lower payouts. the recent troubles among hedge funds expected to hit their employees with johnson & associates predicting bonuses will fall 15% or more. but not all areas of wall street will take a hit to the wallet. bonuses for equity traders are seen matching or exceeding last year's payouts by up to 10%. m&a bankers are forecasting a 20% bonus bump. and private equity firms will be writing bigger bonus checks too. alan johnson, ceo of johnson & associates, expects market uncertainty to persist into 2016 and is forecasting wall street will be forced to cut

. >> yeah, mary thompson joins us from cnbc's gloeshl headquarters with that and a check of the markets on this monday, mary. >> good morning, good afternoon to you, stocks are mixed at this hour. the dow and sepp showing some gains. the nasdaq showing some very, very slight losses today. now this weekend's terrorist attacks in paris doing little to shake the markets at home or abroad. where they closed mixed as well. in the wake of those attacks though, facebook says its plans to increase the use of its safety check tool, this lets facebook users check in and mark themselves safe on their facebook profile after unexpected and deadly attacks like those in paris or after natural disasters. users like it, but it means facebook is likely to come under criticism for when it activates this tool because it will have the discretion to activate it after some events, but not others. >>> well, there's a big deal about in the hotel industry, marriott is paying $12.2 billion for starwood hotels. a move that'll increase its presence in europe, latin america, and asia. with over 1.1 million rooms and

mary jo white is with mary thompson. >> thank you very much. are here with mary jo white, chairman of the s.e.c. thank you very much for joining us. appreciate it. >> delighted to be here. >> we are hear at the sifi conference, a lot of focus on the fiduciary standard. the department of labor introducing it earlier this month, the s.e.c. despite years of the making has yet to produce its own. why the delay? >> the s.e.c. has been looking at this for quite some time. certainly before i got here as chairman, we put out a request for additional information. so as i announced for myself, for my long study that we should move forward with the information for the shared rulemaking. the staff is working hard preparing those recommendations for the commission's consideration. one has to recognize that this is a complex -- not quick rule making. it's important to get it right. and to calibrate it so that you have the intended positive objective achieved but without impacts to the negative. >> nevertheless, i was speaking with someone who said if the d.o

mary thompson has more on that. >> at over $23 billion, it's visa's biggest acquisition ever.g its footprint. visa had no presence in europe. visa gains access to 38 countries representing over 3 trillion in payments volume. here is ceo charlie scharf on the call. >> the transaction is good for both parties. the first full year of the combination. >> visa is paying for visa europe owned by a consortium of stocks. visa is funding the cash portion through 15 billion to $16 billion of dollar denominated debt which will may start selling as soon as december. the firm also emphasizing it will buy back stock aimed at offsetting the diluted earnings of those shares. visa shares among the dow's best performers this year, down in early trading. rev flew was in line in what visa called an uneven global environment where the strong dollar continued to temper results. for the current fiscal year, the strong dollar is seen impacting revenue growth which is forecast in the low double digit rain and earnings growth in the low end of the mid teens range. sara, back to you. >> you look at visa

mary thompson joins us with more from lockheed martin spice systems in littleton, colorado. mary? >> hey there, mandy. you know, 3-d printing has been around since the '60s but it appears to be reaching an inflection point. why? companies are using it not only for prototyping but in production of parts like this propellant tamp that lockheed martin is testing for use in its satellites. here is mark cotteleer. the industry as a whole is relatively small measured at less than $10 billion a year but we're seeing rapid growth. as fast as 20% to 30% per year. >> lockheed martin is looking to hire about 120 people. it's used 3-d printed parts in satellite in. >> you know. using millions of thin layers of xos sout, some products, especially custom parts can be made more quickly and cheaply than using traditional manufacturing but in building 3-d, engineers can't only think in straight lines and right angles. lockheed martin's david golbeul bernaut. >> they look like tree roots, bone structures, stalactites. >> to build this, lockheed martin is streaming inhouse but also partnered with a

already told you about that with mary thompson and seema mody, we will be on earnings watch when thoseth come up. both stocks up more than 1% today. bob pisani, good start to number for the bulls. >> it's hard to sort out how much this is first of the month, we saw a lot of volume in bond eps today and that makes me think there's a little bit of an asset trade out of bonds and into stocks. two things even more exciting, one, china pmi numbers were a little weak, normally that means weak commodity price, all the commodity stocks were up, alcoa's, seemed to have no effect. >> oil stocks were higher. >> and here is what's really exciting, put up diamond offshore, one of the first of the drillers to report here. >> look at that. >> 99 cents was the earnings number, what? they have a consensus with 60 cents. so the number was better. up 11% today. now the hope is that the whole industry can manage the costs and control the downtime a lot better than people think. if that's right these numbers are underral lewd. i think that was a factor in helping the energy stocks up december might the fac

mary thompson joins us now from lockheed martin space systems in little ton, colorado for the latestnstallment of our series where the jobs are. mary. >> bill, thanks so much. 3-d printing has been around for decades but more manufacturers like lockheed martin are using it because it allows to save them time and money. they need nor workers. here is dennis little vice president of production for lockheed martin space systems. >> injecting about 120 production professionals needed here to fill our demand. >> 3-d printed parts like these tanks lockheed is testing can be made in half the time at half the cost, they also tend to be smaller and lighter allowing for bigger pay loads on lockheed's satellites. understanding how to work in 3-d requires a different way of thinking, one not centered on straight lines and right angles but more in line in how nature might create something. while lockheed is training workers in-house in how to work with 3-d it has partnered with a local college which is launching a four-year program this fall that's focused on advanced manufacturing with an additi

. >> mary thompson, thank you. pete, just bought some calls. >> yes. and they addressed the shake-up. and they are that iing about shaking things up ourselves. so i think sooner or later we'll see the stock pushed up toward the 52-week highs and now in the after market it is down. >> what is the time line on your call? >> very short-term. >> until earnings. about a month. >>> tesla stock popping a day before it is due to report third quarter results, amid reports that the wait list for the model x is eight months. can tesla hold on to today's gains. some answers in our earnings edge. >> hi that is brad eric son with pacific crest. today we are talking about tesla's earnings for "fast money"'s earnings edge. for the production ramp as they ramp up model s and x, we think there is significant amount of execution involved. the second is the gross margin. in ramping up model x, you are likely to see models chop. but analysises are thinking about the outlook is important for us. and the third thing we are looking for is the unveiling of the model 3 which is

mary thompson is live from lockheed martin space systems in littleton, colorado.there, michelle. we are outside one of the 3-d printers here on lockheed martin's campus, and this manufacturing has been around for decades, but as you mentioned, a growing number of manufacturers use it to save time and money. here's dennis little, vice president of production for lockheed martin space systems. >> we often build just one part, one satellite at a time, to it lends itself well for that, but there's significant cost savings up to 50%, also cycle time reduction of 50-60%. >> another advantage? 3-d printed parts like these tanks, lockheed's testing, tend to be smaller and lighter than the predecessor, allowing for smaller payloads on satellites. engineers use software to design parts or products and designs go from the computer to the printer making them by spraying layer of thin layer on a platform building the design from the bottom up, getting clients to shift to the products, improving materials used space worthy are roadblocks to 3-d adoption, but they are anxious to

. >> mary thompson is on the floor seeing what's moving. good morning, mary. >> hey, there, carl.uiet. no surprise. it's expected to be a light day of trading. it closes at 1:00 p.m. eastern. look for light volume. certainly investors will be focused on any kind of anecdotes coming out of the retail space because that is the focus on this black friday. take a look at how the managements have performed this week. traditionally an up week for the markets going into the last hours of trading. we see the nasdaq and russells showing gains but the dow and s&p have been flat so far for the week. all of this coming on the wake of mixed markets overseas. the big market was at 5% plus decline in chinese shares. the shanghai composite overnight because of the expanding increase. all of this coming ahead of the decision as to whether or not to include the yuan. it is expected this time around. something that could move over a trillion dollar worth of assets into the yuan. the dollar, another eight-month high against the euro and that predictably is pressuring commodities with the exception of

mary thompson is on the floor for us today. >> as you mentioned, fairly flat open in the wake of whatdecent data, personal income, durable goods side and spending was weak. now investors await data at 10:00 which includes new home sales as well as a final reading on university of michigan consumer confidence. we're seeing broad based modest gains. a bit of a lag in utilities, energy stocks and the vix losing steams, suggesting geopolitical issues may start to weigh a bit more. let's look and see how europe is performing. the modest gains we're seeing here in the u.s. comes on the heels of strong performance in the european markets. sara was mentioning the focus is on expectations for additional stimulus by the ecb when it meets next week. this as the u.s. prepares for what could be its first interest rate hike in almost a decade. look at energy stocks. these, of course, were the stocks that led the markets higher yesterday. oil moved higher. after the bell we saw an inventory build as reported by the api. later this morning we will get the inventory data from the d.o.e. we are seeing

. >> commissioner adams i want to thank both of you and start off with mary ann thompson what you've done in the oewd mayor's office of economic workforce development especially in the investment in the neighborhood program their out there pound on the carrier and work with the businesses i sue last year with the kickoff for the shop and dine 49 i was given a stieshg who am i going to debiting give those out to you am on the third brunch they're talking about to the corridors castro street and fillmore the group will be available should be commend lynn small business saturday made a tremendous difference especially in my neighborhood which is castro the day after thanksgiving i remember kathleen it was dead and now it is like that saturday is like it is happening now so you really, really engaged not only my neighborhood but i see is it in other neighborhoods throughout the city i think that small business saturday a tremor success especially in san francisco and getting people to spend the money in the neighborhoods instead of going downtown so, now they're coming into the neighborh

mary thompson is at the new york stock exchange. hi, mare.he nasdaq remains under a bit of pressure, but also concerns gee owe political concerns that gripped the markets earlier today, having dissipated a bit as the day has moved on. you can see among the winner, also tiffany, this is a company with weaker than expected earns, but the company noted strong sales in japan, china and said on a constant currency, so investors likedened that news. tyler, back to you, mandy, thank you for joining mess for this first hour. i'm going to stick around. >> okay. >> you can just go get some lunch. i'll just stay with the power. let's send it over to melissa lee. >>> let's get straight to steve liesman. >> thanks, melissa. in another sign that interest rates could be rising sometime soon, we learned from the october minutes of the discount rate meeting of the fed that 9 of 12 reserve bank presidents asked for a discount hike rate in october. it was not honored by the board of governors, but it is the most asked for a hike since june 2006 outside of a pro

mary thompson has that back at hq.> that is according to a presentation being made today by the well known compensation consulting firm johnson and association. behind the expected delcline a choppy market. certain segments will see increases. hardest hit is fixed income traders. bonuses falling between 10% to 20% from last year. hindered by the uncertainty of global interest rates. bankers focused on underwriting will see a 5% to 15% decline. asset managers seeing a 5% decline. wealth management also down 5%. johnson & associates expecting bonuses to be down 15% or more among hedge funds. equity has been a bright spot for big banks. traders there can bonuses to match or exceed last year. m&a seeing big payouts. alan johnson, ceo of johnson associates says uncertain market conditions are likely to continue into 2016, he's thinking big bank also have to cut staff next year. >> we're already seeing it from the europeans. >>> coming up, norwegian cruise lines unveiling the newest addition to their fleet, complete with a w

mary thompson on the floor for us. good morning. >> hey there, carl.tocks are down in early trade. off the lows of the session. dow was down about 90 points. as concerns about global uncertainty weighs on the markets in what typically is a strong week for the markets. again yesterday we got off to a week start. today we continue that in the wake of that russian plane being shot down by turkey. we'll wait to see if there are more comments from either side and waiting comments from france's president late their morning what we're seeing again is weakness in the markets. vix getting a bit of a bid as well as treasuries this morning. look at some of the travel stocks. in addition to that, the state department issued a travel warning to u.s. citizens across the world saying because of an increased risk of terrorist attacks, they should be on alert. as result, we're seeing weakness in cruise lines and airlines. transportation index down about 63 points now. as you guys were mentioning, energy getting a bid, despite expectations when opec meets on december 4t

mary thompson is with me for the closing countdown as we head toward the ringing of the bell.ore thanksgiving, the dow lacks like it's going to come become a little more. the narrowest trading day of the year, just 53 points from top to bottom for the industry average. crude oil, a bit of a bounce on the inventory. it brought prices back just a little bit here, but it's been a positive week so far for oil anyway because of the situation in the middle east, and then the ten-year meeld. -- yield. a guest we just had on thinks the market acts adversely if the fed doesn't raise rates. >> yes. i think you saw when they didn't raise rates in september, there was a negative reaction. now it's built into it. and so people will definitely be anticipating that. a lot of people feel we do have to get back to a more normalized rate environment. >> a lot to come before that meeting on the 15th and 16th. >> next friday is a big week, because in addition to the jobs number that you get, you also have the ecb in europe expected to put some additional stimulus into their economy. so it's going

closing countdown, mary thompson is with me on the floor of the new york stock exchange. a few of the charts to look at for the week on this shortened trading week. the dow itself will finish virtually neutral. >> 17823 would have been flat. we'll be a little lower. >> you know who had a good week, oil. up 6.5% just this week. >> very good week for oil. bad week for gold. worse week i believe since 2010. >> what, is it six straight weeks gold has gone down. >> the first six-week losing streaks since 2010 but another bad week for gold. >> and a continued flattening of the yield curve with the 10-year and the 30 going lower as the 2 and 5s move a little higher getting ready for that rate increase. >> right. >> possibility. >> they're expecting this december from the federal reserve and next week the focus will be on what the ecb does when they meet and whether or not they put some additional stimulus. next week is some of the traders were mentioning, david darst was mentioning earlier, a very busy week, lots of economic data, and that's going to be what drives the markets.

mary thompson joining me here for the closing countdown. we had a selloff this morning, as you might imagine we would after the shooting down of that russian jet by the turks. but then it came back again, led higher by oil. oil was the straw stirring the drink today. >> it was, but it was stronger from the open. i think what you want to note in the market's reaction today is that the rhetoric coming out of the u.s. and france maybe wasn't quite as aggressive as some people had anticipated. because of that, the markets, the fears of a greater escalation, you know, overseas kind of dissipated. as a result, we saw the markets pull up. as you mentioned, energy was stronger from the get go. when the markets were down, it was the only segment that was up. again, it's leading as we move into the close. materials also looks strong as well as consumer staples. a number of companies came out with better than expected earnings. >> as we head to the close, the end of an era. hewlett-packard will be reporting earnings for the last time as a combined ent

mary ann joins us along with jason thompson.ng in. >> thank you. >> tell me the story. you have been using your own money over the years. and looking for volunteers to feed those in need every thanksgiving. >> i use my own money, but also, the officers at the oakland police department so generously give every year. when they see me coming, they know what time it is and they give their money. we work in conjunction with the evangelistic outreach center and they help and donate too. i'm not a police officer. i'm a police service technician. and for 25 years, we have been doing this project. when i first started at opd, i was a technician on the street. and so, answering calls for service. i went into homes and saw people who needed police service but also needed more. >> the eye to eye contact helped you do what you do. >> seeing their need. and officer asked where he could go to get help for them. i said you and i could do this and it started from there. >> we don't get enough monetary donations to buy the food for the families.

thompson. a friend said, he played himself in marie and he's been playing himself ever since. fictional roles followed in the next decade, and so did a "law and order." >> one day this chair is going to be empty. >> i'm no politician. >> everybody says that. >> he took a break to become senator, and again. a statement from the family said fr fr fred. he helped produce "the hunt for red october" and "diehard 2." >> former senator fred thompson was >>> we are still getting reaction tonight from friday's news that president obama is sending american special operations troops into syria. kevin cork he has the latest fr the white house. >> reporter: it's not new. that's what the obama administration is saying about its evolving strategy in syria, the one that now will send special forces to advise and assist syrian rebels. >> some people, i think, have almost equated this as if it's a full scale return to the iraq war or something lehere. the fact of the matter is the scale of the mission is drastically different. >> what is different is the white house's effort to ramp up the figh

thompson. a friend said, he played himself in marie and he's been playing himself ever since. fictional roles followed in the next decade, and so did a "law and order." >> one day this chair is going to be empty. >> i'm no politician. >> everybody says that. >> he took a break to become senator, and again. a statement from the family said fr fr fred. he helped produce "the hunt for red october" and "diehard 2." >> former senator fred thompson was 73 years old. big day? ah, the usual. moved some new cars. hauled a bunch of steel. kept the supermarket shelves stocked. made sure everyone got their latest gadgets. what's up for the next shift? ah, nothing much. just keeping the lights on. (laugh) nice. doing the big things that move an economy. see you tomorrow, mac. see you tomorrow, sam. just another day at norfolk southern. the markets change, at t. rowe price, our disciplined investment approach remains. we ask questions here. look for risks there. and search for opportunity everywhere. global markets may be uncertain. but you can feel confident in our investment experience...

thompson handing over a $5,000 check. the money will buy turkeys for hundreds of families this holiday season. it was part of a big surprise for maryann mitchell. during the holiday season, she collects money and buys food for the less fortunate. a few weeks from now, thompson will join mitchell and police officers to donate all the food to families. >> her reaction was priceless. >>> mark is here now. the sharks are starting to look better. >> well they need to. we are starting to see something at shark home games lately. never seen before. hundreds of empty seats. one game doesn't make a whole lot of difference but they need many like this if they are going to put posteriors back in seats again. hockey back on display. back on top. bret burns blasting away and it goes. 1-0. sharks not particularly used to getting off to a quick start. second, they are only up 2-1. patty marleau, beautiful effort right there. need more of that from him. that is just his fourth goal. logan couture out of there. they need the offense. 3-2. breaking. nikolai goldoven. mark edward vlasic. his first goal of the year right there. they get an empty nethe

thompson. i'm old enough to remember his days as a lawyer to the senate watergate committee some of you may remember his first movie mariemself a lawyer for bhifl blower marie are. other tv shows and senator and u.s. candidate for president. what i remember him most from was sitting next to me on the set of "on the record." >> in 2008 senator thompson ran for president himself and he joins us. nice to see you, sir. >> good to see you, again. >> i take it you don't miss running? [ laughter ] >> no. >> not at all. >> i don't. i don't. i have been there, done that. >> well, he didn't miss running but today we all miss him. he was a unique man with a varied and successful career. he always brought his a game to everything he did, including "on the record." so, i will miss frid. and that's my off-the-record comment tonight. and you have been voting on twitter. would you believe an apology to police from quentin tarantino there are the results. 44% say yes and 56% say no. this is the best tweeted picture of the day. this is a little pup on vacation in front of the golden gate bridge and miss my favorite tweeted pic of the day.

forward jason thompson handed over a $5,000 check today to the oakland police department as part of a surprise for maryeen a civilian employee of opd more than 25 years an every year for the holidays she collects money and buys food for the less fortunate. she say it is $5,000 donation will buy a lot of turkey. >> i will be able to buy 150 or 200 more. absolutely. >> fantastic. good. >> thank god. thank you so much mr. thompson. thank you! >> no problem. god bless you. >> in a few weeks, thompson will join mitchell and the oakland police officers to donate the food to the families in need. >>> now, to san francisco. and a fashion frenzy after hundreds of people camped out for designer clothes at reasonable prices. [ cheers and applause ] there they are. those are the lucky folks. this was 8:00 this morning when the doors opened at the h and m store near union square. a lot of folks streamed in to get their hands on items from a high end french designer. the clothing line was marketed as having an affordable price point. today's worldwide launch was promoted by celebrities including kindle jenner. they

the thompson magic was evident again in 1985 when fred was asked to play himself in the movie "marie." if real life he had been an attorney for the chair of the parole board. after that fred was cast in a number of movie roles as a c.i.a. director, the head of dulles airport, an admiral, the preses -- president of nascar, three presidents of the united states and a district attorney in "law and order." that magic served him well when he served in the united states senate in 1994 for the last two years of vice president gore's term. it was a good public career. he defeated a strong opponent by more than 20 percentage points mostly because when he appeared on television, tennesseans liked him, trusted him, and voted for him. fred took on some big assignments during his time in the senate, but sometimes he would become impatient with some of the foolishness around here. a washington reporter once asked him if he missed making movies. yeah, he said. sometimes i miss the sincerity of hollywood. people ask me sometimes how could an actor accomplish so much. in addition to those things i've

marie -- marine corps. semper fi. >> use the # ktvu the nine.>>> the detroit pete's got -- detroit pistons got beat last night. the warriors got a pretty good contribution from the bench, led by barbosa, klay thompsonnts. warriors head out on a road trip against memphis in minnesota.>> the waves are warning fans about buying tickets from non-verified third parties. it is seen an increase in the number of fans denied access compared to last season because of fake tickets. the warriors are encouraging fans to buy tickets through the team website.>> blaine gabbert has earned another start over colin kaepernick. he will start when the team visits the seahawks on november 22. on sunday, gabbert made his first start since october 2013, completing if tina 25 with two touchdowns to help the niners to a 17-16 win over the falcons. >> there has been a push by football to make it safer for players, especially young children. the us soccer federation is issuing apostles see -- a policy to reduce concussions. headers for children under the age of 11 have been banned. studies found more than 30% of concussions among boys came from headers banging heads with another player. they do not apply to all soccer put us

as he did marie and most of his movie roles he played himself. there was no pretense and fred thompson on or off the stage. he was purposeful. in 1992 when i was education secretary, i invited fred to lunch in the white house lunchroom. for years i had urged him to be a candidate for public office. i hope she might run in 1994. what struck me during our entire lunch and conversation was that not once did he raise any political concerns. his only question was if i were to be elected, what do you suppose i could accomplish? and when he wasn't elected he was serious in principle. he was a strict federalist. never a fan of washington telling americans what to do even if he thought it was something americans should be doing. he was not afraid to cast votes that were unpopular with his constituents if he was convinced that he was right. now the third reason for fred thompson's success was that he worked hard. now to many my saying that will come as something of a surprise. he was notoriously easy going. but he grew up in modest circumstances in large for tennessee. his father was a car sales